A foundation based in the Midwest is developing a strategy to include more diverse-owned investment managers within its portfolio.
The plan made five alternatives commitments in July.
A university in the Mid-Atlantic region has seen the percentage of women- and minority-ownership increase at the investment managers within its endowment year over year, according to a recent report.
Organization intends to invest $200 million in diverse-owned and led private equity firms raising first or second funds.
A foundation based in the Midwest has hired an equity manager.
The plan agreed to advance a general investment consultant RFP and retain its private equity advisor.
Plan has issued an RFP for international equity managers after approving the search last week.
Plan will consider multiple mandates and ensure that diverse-owned firms are included in a search process approved at today’s meeting.
Plan selected a domestic small- to mid-cap equity emerging manager this week.
A university in the Mid-Atlantic region has selected a minority-owned firm to manage a significant portion of the proceeds of its bonds issued earlier this year.
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